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We
invite you to listen to us on great radio stations
across the region on the Radio Oklahoma Network
weekdays- if you missed this morning's Farm News - or
you are in an area where you can't hear it- click
here for this morning's Farm news
from Ron Hays on RON. Today- we look at Senate
passage of 2012 Farm Bill and hear from veteran
Washington insiders Mary Kay Thatcher and Colin Woodall
on what happens now.
Let's Check the
Markets!
Today's
First Look:
Ron
on RON Markets as heard on K101
mornings
with cash and futures reviewed- includes where the Cash
Cattle market stands, the latest Feeder Cattle Markets
Etc.
Okla
Cash Grain:
Daily
Oklahoma Cash Grain Prices- as reported
by the Oklahoma Dept. of Agriculture.
Canola
Prices:
Current
cash price for Canola is $12.01 per bushel at the Northern
Ag elevator in Yukon as of the close of business
yesterday.
Futures
Wrap:
Our
Daily Market Wrapup from the Radio
Oklahoma Network with Ed Richards and Tom Leffler-
analyzing the Futures Markets from the previous Day.
KCBT
Recap:
Previous Day's Wheat Market Recap-Two
Pager from the Kansas City Board of Trade looks at all
three U.S. Wheat Futures Exchanges with extra info on
Hard Red Winter Wheat and the why of that day's
market.
Feeder
Cattle Recap:
The
National Daily Feeder & Stocker
Cattle Summary- as prepared by USDA.
Slaughter
Cattle Recap:
The
National Daily Slaughter Cattle
Summary- as prepared by the USDA.
TCFA
Feedlot Recap:
Finally,
here is the Daily Volume and Price Summary from
the Texas Cattle Feeders Association.
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Oklahoma's
Latest Farm and Ranch News
Your
Update from Ron Hays of RON
Friday, June 22,
2012 |
Howdy
Neighbors!
Here is your daily Oklahoma farm and ranch
news update.
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Featured Story:
Senate
Approves Farm Bill Reform with Broad Bipartisan
Support
The
U.S. Senate voted to approve the Agriculture
Reform, Food and Jobs Act of 2012, a bipartisan
Farm Bill authored by Senator Debbie
Stabenow, Chairwoman of the U.S. Senate
Committee on Agriculture, Nutrition and Forestry,
and Ranking Member Senator Pat
Roberts. The bill was approved with broad
bipartisan support, on a vote of 64-35. The bill,
which saves taxpayers more than $23 billion,
represents the most significant reform of American
agriculture policy in decades.
The bill
reforms food and agricultural policy by
eliminating direct payments and emphasizing the
need to strengthen risk management tools for
farmers, saving billions of dollars. Overall, the
Agriculture Reform, Food and Jobs Act of 2012 will
reduce the deficit by more than $23 billion
dollars by eliminating unnecessary subsidies,
consolidating programs to end duplication, and
confronting misuse in food assistance programs.
These reforms allow for the strengthening of key
initiatives that help farmers and small businesses
reach new markets and create American jobs.
"This Farm Bill is the most significant
reform to farm programs in decades-it cuts
spending, ends subsidies, improves accountability
and strengthens healthy food systems," Stabenow
said. "This bill was developed through
bipartisan collaboration, passed committee with
broad bipartisan support, and we have now passed a
bipartisan bill that supports 16 million American
jobs. It is heartening to earn support from both
sides on a major bill that cuts spending and helps
create jobs. Passage of this bill shows that when
people come together, Congress can still get big
things done."
You can read more about the specifics
of the 2012 Farm Bill passed by the Senate by
clicking here.
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Sponsor
Spotlight
It is great to have as a regular
sponsor on our daily
email Johnston
Enterprises- proud to be serving
agriculture across Oklahoma and around the world
since 1893. Service was the foundation upon
which W. B. Johnston established the company. And
through five generations of the Johnston family,
that enduring service has maintained the growth
and stability of Oklahoma's largest and oldest
independent grain and seed dealer. Click here for their website,
where you can learn more about their seed and
grain businesses.
Midwest Farm
Shows is our longest running sponsor
of the daily farm and ranch email- and want to
thank everyone for supporting and attending
the Southern Plains Farm Show
this spring. The attention now
turns to this coming December's Tulsa Farm
Show- the dates for 2012 are December 6
through the 8th. Click here for the Tulsa Farm Show
website for more details about this tremendous
all indoor farm show at Expo Square in Tulsa.
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Capitol
Hill and USDA React to Passage of Senate Farm
Bill
Reaction
on Capitol Hill came quickly following the
Senate's vote on the 2012 Farm Bill. Most
statements were supportive that the Senate had
acted so quickly to move the process along even if
the bill itself could not be
supported.
Both
of Oklahoma's senators voted against the bill, but
have said they were hopeful the House version
would be more to their liking.
House
Agriculture Committee Chairman Frank Lucas is
pleased the Senate has finished the bill and said
his committee will mark up their version of farm
policy beginning on Wednesday, July
11th.
Click
on the names below to read further comments about
the Senate's passage of the Farm Bill:
Representative Frank
Lucas
Senator Jim Inhofe
Representative Collin
Peterson
Agriculture Secretary Tom
Vilsack
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Ag
Groups Glad Farm Bill Clears Senate Hurdle
Most
of the major farm groups expressed their
appreciation that the Senate was able to complete
action on the Farm Bill so quickly. As you
might imagine, some groups were more pleased than
others with the bill's contents. Most were
confident the House version would address some of
their concerns.
A
good example of that hope was seen in the
statement from the National Cotton Council as they
looked to improvements for southern crops to
come from the House Ag Committee and Cotton Belt
Lawmakers.
Click
on the name of the group to read their full
statement:
American Farm Bureau
Federation
American Farmland Trust
Dairy Farmers of
America
Environmental Defense
Fund
Environmental Working
Group
National Association of Conservation
Districts
National Cattlemen's Beef
Association
National Corn Growers
Association
National Council of Farmers
Cooperatives
National Farmers Union
National Cotton Council
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June
and July Provide Great Opportunities to Promote
Benefits of Dairy, Allen Says
June
is National Dairy Month and it is an opportunity
to "celebrate your local dairy farmer and remind
consumers that they need to get three servings of
dairy every day. And some great ways to do that
are with milk, cheese and yogurt," says Susan
Allen of Dairy Max.
Allen visited with
us recently and says another important
observation comes in July.
"Of course, next
month is our favorite celebration, National Ice
Cream Month. Ice cream is a good summer time treat
that we all love."
These are just two of
the events that Dairy Max promotes in its capacity
of speaking for the dairy industry.
Allen has a lot to more to say and
you can catch her conversation with us on "In the
Field" by clicking here.
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White
House Opposes House Version of Agriculture, Rural
Development, FDA and Related Agencies Bill
The
White House released a statement outlining its
strong opposition to H.R. 5973, the Agriculture,
Rural Development, Food and Drug Administration,
and Related Agencies Appropriations Act. The
statement outlines cuts in spending which are
unacceptable to the administration.
The
statement threatened a veto by the President if
the final bill does not include changes in a
number of areas. Among the programs the
Obama administration wants funding restored to
are the WIC program, rural development,
grants funding, renewable energy, and
international food aid.
Click here to read more about the
specific changes the Obama administration wants to
make in this bill.
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Kim
Anderson Explains Why Wheat Prices are Climbing
Just After Harvest
Wheat
prices are on the rise, not the usual state of
affairs just after harvest. Kim Anderson, OSU's
small grain marketing specialist, says there are a
number of factors pushing prices
higher.
"One is the spring wheat area.
They're getting too much rain. That rain is
lowering the yield expectations. Spring wheat
stocks are already ten percent below last year's
level and they were already looking at a
relatively good crop to offset some of those.
"You've got the corn production-rather
than too much rain, they're not getting enough
moisture over a large part of the corn area. The
market is again lowering production
expectations. Corn prices have
been going up supporting wheat prices."
The
financial crisis in Greece is "the joker in the
deck," Anderson says, and is affecting market
volatility.
We have a preview of Kim
Anderson's comments on this weekend's SUNUP
program along with the full lineup for the show on
our website. Click here to go there.
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This
N That- Beef Buzzing with Colin Woodall, Cattle on
Feed Cometh and CanolaTV Correction
One
of the agricultural groups that seem to be as
happy as anyone with the work of the Senate this
week in crafting their version of the 2012 Farm
Bill is the National Cattlemen's Beef
Association. Lead lobbyist for the
group in Washington is Colin
Woodall- and we talked with him on
Thursday afternoon- he tells us it's all about
what is NOT in the Farm Bill passed by the Senate.
NCBA
said all along that their number one goal for the
2012 Farm Bill was to have NO Livestock Title- and
they achieved that goal in the body that got it
included in the 2008 farm law. The cattle
organization is also delighted that two amendments
Woodall called "dealbreakers" were not even
allowed to be debated and voted as a part of the
73 amendments that were brought forward. Those
amendments were a ban on packer ownership and the
HSUS-UEP egg bill. Click here for our Friday Beef
Buzz which features some of our conversation
with Woodall on this bipartisan measure.
***********
Cattle
on Feed numbers will be released by USDA this
afternoon at 2 PM central time. One of the
analysts that has offered up a pre report guess is
Rich Nelson with Allendale.
Nelson tells us that they expect May Placements to
be 13.8% higher than last year. Dry weather in the
Plains in May brought a few extra cattle to the
feedlots. There are two issues to keep in mind
with this placement number. 1) This is a
comparison to May of 2011. Last year's May
placement was a low number. 2) This year's May
held one more weekday than May of last year. That
skewed numbers artificially high.
Allendale anticipates a Marketing total
5.0% higher than May of 2011. Much of this came
from the additional weekday in this year's May
compared with last year.
If Allendale nails
the USDA number- Total Cattle on Feed as of June 1
will be 0.3% higher than last year. This is a
slight increase from the 0.6% decline vs. last
year reported last month.
We
will have details of the actual report on Friday
afternoon on our website- go to OklahomaFarmReport.Com and check
it out.
***********
Finally,
we wanted to mention one small correction to the
CanolaTV story that was in yesterday's email- we
reported that seven counties in Oklahoma have
canola listed as an insurable crop- the actual
number is ten. Check with your crop
insurance agent to see if you are in a county that
has canola as a listed crop or not- if you are
not- you definitely need to watch our CanolaTV
segment with Bambi Sidwell on
their efforts to get a written request to RMA as
soon as possible this summer for their
clients. Click here to check out this episode
of CanolaTV, a service of the great folks at
PCOM.
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God Bless!
You can reach us at the following:
phone: 405-473-6144
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